Lai, Jennifer T.; McNelis, Paul D.; Yan, Isabel K.M. - In: Journal of International Money and Finance 37 (2013) C, pp. 493-503
This paper assesses the changes in the regional capital mobility in China during the period of economic reform in 1978–2008 by employing a panel time varying coefficient (TVP) model. This approach is much more suitable to model China's evolution in the regional capital mobility than a standard...